Is Silver next?

[ancjr]

I started in Feb of last year.

 

[2in1evtime]

I was buying silver in 2001 there about for around 6.50 per ounce never sold any of it times i wished i had when it hit close to 60 a ounce but that was a very short lived spike

 

[ancjr]

Today's installment

 

[DoggyDaddy]

 

[DoggyDaddy]

Well that was a short-lived little bump.

 

[ancjr]

 

[ancjr]

Gold finally found footing it seems, even with this little dip.

 

[DoggyDaddy]

 

[snorko]

Snorko predicts gold falls back to the $1,900 range but silver is over $26 for a while. But I am most frequently wrong. I am definitely taking a wait and see position for a while, no big purchases. Still will make some small monthly buys but not at these prices untill there is a better idea of the duration. Hck, when I got into stacking prices were well into the mid 20s so it is not like it is new.

YTD silver is up roughly 17%-18%. My retirement portfolio is down 11%-12%. Diversification baby.

 

[DoggyDaddy]

Wow...

 

[DoggyDaddy]

This is crazy...

 

[DoggyDaddy]

Now it's dropping just as fast.

 

[KittySlayer]

I am shocked. I just bought a sleeve of silver last week when spot was $24. My purchases usually immediately lead to a fall in price.

 

[DoggyDaddy]

I am shocked. I just bought a sleeve of silver last week when spot was $24. My purchases usually immediately lead to a fall in price.

I was thinking about picking up a little today when it was below 26, but it didn't stay there long.

 

[ancjr]

 

[ancjr]

Monday may be another buying opportunity...

 

[snorko]

Monday may be another buying opportunity...

I ordered some silver Krugs this morning when it dipped to $25.51. So you are welcome for the additional drop.

I found it interesting that while the premiums have been up significantly on silver Krugerands for a while, they seem to have come down sharply. They were running $2-$3 above say a Philharmonic, now they are about equal.

 

[ancjr]

From what I've been reading the "experts" are saying that this isn't a dip as much as settling down from a run up over Ukraine/Russia. Palladium price got murdered.

 

[ancjr]

May be a little more selling pressure left to go for tomorrow.

 

[DoggyDaddy]

May be a little more selling pressure left to go for tomorrow.

I noticed silver and gold were lower today, but still pretty flat once they went down.